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Sarah Naide takes out a loan for 50,000 with 30 quarterly payments. For the first 10 payments, Sarah will pay only the interest due at
Sarah Naide takes out a loan for 50,000 with 30 quarterly payments. For the first 10 payments, Sarah will pay only the interest due at the end of each quarter. For the last 20 payments, Sarah will pay X at the end of each quarter (an amount that will pay off the loan). If the annual effective interest rate is 5.8%, what is the total of all of Sarahs payments for this loan? A) 50,709 B) 57,785 C) 64,882 D) 65,330 E) 67,050
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